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Pricing

2022
Flag → Flag
Exports $1.33BRnk 119 / 211
2022
Flag → Flag
Top Product $93.2MLight Rubberized Knitted Fabric
2022
Flag → Flag
Exports $538MRnk 3 / 157
2022
Flag → Flag
Top Product $263MRaw Nickel
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

China-Madagascar Trade: In 2022, China exported $1.33B to Madagascar. The main products that China exported to Madagascar were Light Rubberized Knitted Fabric ($93.2M), Coated Flat-Rolled Iron ($60.7M), and Synthetic Filament Yarn Woven Fabric ($43.6M). Over the past 5 years the exports of China to Madagascar have increased at an annualized rate of 6.77%, from $959M in 2017 to $1.33B in 2022.

In 2022, China did not export any services to Madagascar.

Madagascar-China Trade: In 2022, Madagascar exported $538M to China. The main products that Madagascar exported to China were Raw Nickel ($263M), Precious Stones ($68.2M), and Uranium and Thorium Ore ($34.6M). Over the past 5 years the exports of Madagascar to China have increased at an annualized rate of 22.9%,  from $192M in 2017 to $538M in 2022.

In 2022, Madagascar did not export any services to China.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Latest Trends

October, 2024

About

Overview In October 2024, China exported $124M and imported $24.7M from Madagascar, resulting in a positive trade balance of $99.2M. Between October 2023 and October 2024 the exports of China have increased by $6.87M (5.86%) from $117M to $124M, while imports increased by $5.13M (26.1%) from $19.6M to $24.7M.

Trade In October 2024, the top exports of China to Madagascar were Non-Retail Animal Hair Yarn ($5.55M), Coated Flat-Rolled Iron ($4.17M), Other knitted or crocheted fabrics. ($3.99M), Heavy Mixed Woven Cotton ($3.48M), and Telephones ($3.15M). In October 2024 the top imports of China from Madagascar were Raw Nickel ($10.8M), Titanium Ore ($10.7M), Graphite ($4.42M), Niobium, Tantalum, Vanadium and Zirconium Ore ($3.81M), and Other Mineral ($3.16M).

Origins In October 2024 the exports of China were mainly from Zhejiang Province ($36.4M), Guangdong Province ($15.5M), Shandong Province ($13.8M), Jiangsu Province ($12.2M), and Shanghai Province ($7.82M), while imports destinations were mainly Henan Province ($10.3M), Shanghai Province ($3.62M), Hebei Province ($2.06M), Zhejiang Province ($2.04M), and Shanxi Province ($2.01M).

Growth In October 2024, the increase in China's year-by-year exports to Madagascar was explained primarily by an increase in product exports in Sewing Machines ($1.18M or 717%), Microphones and Headphones ($1.15M or 163%), and Light Fixtures ($1.08M or 92.8%). In October 2024, the increase in China's year-by-year imports  from Madagascar was explained primarily by an increase in product imports  in Titanium Ore ($6.1M or 133%), Graphite ($2.6M or 144%), and Niobium, Tantalum, Vanadium and Zirconium Ore ($2.35M or 161%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$6.87M(5.86%)
IMPORT GROWTH (October 2023 - October 2024)$5.13M(26.1%)
MAIN EXPORTER (October 2024)Zhejiang Province$36.4M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Madagascar and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Madagascar and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $1.33B to Madagascar. The main products exported from China to Madagascar were Light Rubberized Knitted Fabric ($93.2M), Coated Flat-Rolled Iron ($60.7M), and Synthetic Filament Yarn Woven Fabric ($43.6M). During the last 5 years the exports of China to Madagascar have increased at an annualized rate of 6.77%, from $959M in 2017 to $1.33B in 2022.

In 2017, Madagascar exported $538M to China. The main products exported from Madagascar to China were Raw Nickel ($263M), Precious Stones ($68.2M), and Uranium and Thorium Ore ($34.6M). During the last 5 years the exports of Madagascar to China have increased at an annualized rate of 22.9%, from $192M in 2022 to $538M in 2017.

Exports from China (Flag) to Madagascar (Flag) (2022)

Exports from Madagascar (Flag) to China (Flag) (2022)

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Madagascar
Top DestinationUnited States$756M

This map shows whether countries import more from China or Madagascar. Each country is colored based on the difference in imports they receive from China and Madagascar or the difference in the growth in imports.

In 2022, countries that imported more from China than Madagascar included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Madagascar than China included Anguilla ($730).

Difference in imports from Madagascar (Flag) and China (Flag) (2022)

Comparative Advantage China - Madagascar

Flow
Scale

This chart compares trade between China and Madagascar by product, considering products traded by both, China and Madagascar.

During 2022, China had a large net trade with Madagascar in the exports of Textiles ($440M), Machines ($241M), and Metals ($172M).

During 2017, Madagascar had a large net trade with China in the exports of Metals ($296M), Mineral Products ($139M), and Precious Metals ($68.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Madagascar+$24.4MTelephones
Top Product Potential Madagascar China+$45.6MRaw Nickel

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and Madagascar. This means that a dot/product with the flag of China indicates it has a comparative advantage over Madagascar. Similarly, a dot/product with the flag of Madagascar indicates it has a comparative advantage over China.

Product Space of China (Flag) and Madagascar (Flag) (2022)

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